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Cody Worthington Contributing Editor

Julie DiMauro Contributing Editor

Thomas Fox Contributing Editor

Marc Alain Bohn Contributing Editor

Bill Waite Contributing Editor

Shruti J. Shah Contributing Editor

Russell A. Stamets Contributing Editor

Richard Bistrong Contributing Editor 

Eric Carlson Contributing Editor

Bill Steinman Contributing Editor

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FCPA Blog Daily News

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Monday
Feb032014

More SNC-Lavalin execs face charges in ongoing corruption probe

The Royal Canadian Mounted Police in Montreal filed criminal charges against two former senior SNC-Lavalin executives on Friday.

Stephane Roy, a former vice-president at SNC-Lavalin, was charged with fraud, bribing a foreign public official, and contravening a United Nations economic measures act related to Libya.

The Mounties also charged former executive vice-president Sami Abdallah Bebawi with fraud, two counts of laundering the proceeds of a crime, four counts of possession of property obtained by crime, and one count of bribing a foreign public official.

Bebawi's whereabouts are unknown and a warrant has been issued for his arrest, while Roy has received a summons to appear in court on March 5.

A Swiss court last August ordered the extradition to Canada of former SNC-Lavalin executive Riadh Ben Aissa to face charges for fraud, bribery, and money laundering. Canadian police said he arranged more than $160 million in bribes to the son of former Libyan leader Moammar Gaddafi in exchange for engineering contracts.

The former CEO of SNC-Lavalin, Pierre Duhaime, was arrested in 2012 for fraud and forgery. He left the company after an internal audit found more than $50 million in payments to middlemen would coud not be traced to any services performed.

Two other other executives from SNC-Lavalin were charged in Toronto in 2012 with bribing officials in Bangladesh.

The company settled a complaint from the World Bank in April 2013 that forbids it from bidding on any projects funded by the bank for at least 10 years.

SNC-Lavalin has offices in 40 countries and does business in about 100 of them.

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Julie DiMauro is the executive editor of FCPA Blog and can be reached here.